Insurance Glossary // Latest information from the insurance industry: tips, quotes, advices, opinions and reviews
Real Words from the Real World: Don’t Neglect Calculating Business Income
At Bankers, we know that Business Owners Insurance, like any other type of insurance, can be confusing—that’s why we’re trying to help demystify some of the more confusing pieces of the insurance puzzle.
As Bankers Insurance Underwriting Manager David Rhinhart explains, “Most people don’t think about what they have to lose.” In the world of business insurance, this is especially true of business income. When a business is shut down due to an incident covered by insurance, many business owners find themselves faced with an unforeseen problem. Besides the c
Hurricane Predictions for 2012—Be Optimistic, but Be Ready
As the 2012 National Hurricane Conference wraps up, reports are coming in that warm waters in the eastern Pacific Ocean could mean a mild hurricane season this year.
2011 saw 19 tropical storms between June 1 and November 30, which ties last year for the third-busiest of all time with 1887, 1996, and 2010.
But according to Colorado State forecasters Philip Klotzbach and William Gray, this year could be much calmer. A warming tropical Pacific and a cooling tropical Atlantic are leading us to think that the 2012 Atlantic hurricane season will have less activity.
Auction sees slice of Queen’s wedding cake fetch £1,100
Princess Alice Hospice in Surrey has been given a cash boost after a slice of royal wedding cake helped to raise £1,100 at an auction.
Antique dealer Gordon Watson splashed out on the 65-year-old dessert in honour of the Diamond Jubilee, the Daily Mail reports.
Charity worker Anna Fiddimore discovered the piece of cake in a filing cabinet at the hospice and was shocked to see it bear the inscription: “Buckingham Palace 20th November 1947.”
The famous dessert is understood to have been bequeathed to the medical facility upon the death of CH Spackman, who was a guard at the wedding of Queen Elizabeth II and Prince Phillip.
Mr Watson said of his unusual purchase: “I think its an amazing piece of history.
“Its our Queen we are about to celebrate her Jubilee – marrying her prince. I
Five Basic Features of Term Life Insurance
When shopping for term life insurance, there are basically five features that are most important to consider: the coverage, coverage period, person covered, types of term life coverage and the exclusion of the policy.
Coverage
The coverage is a term used for the value of the sum insured. This is also the amount of money that your beneficiaries will receive if in case the policy holder dies within the specified period of agreement. Unclaimed coverage goes to the insurance company if you outlive your policy.
Coverage period
With term insurance, the coverage expires. Read full article…
Real Words from the Real World: Flood Insurance is about Education
Last week, we talked about the difference between water damage, which is covered under Homeowners Insurance, and flood damage, which is covered under a separate flood policy. Now that we’ve cleared up some of the confusion between the two, Brightway Insurance CEO David Miller explains why Flood Insurance is an important policy to have.
David Miller cofounded Brightway Insurance in 2003 with one office and three associates, and now Brightway has 97 offices in five states and has helped over 125,000 customers with their insurance needs. D
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